Cyclic Hydrocarbons; M-Xylene Price in South Korea - 2022
Contents:
- Cyclic Hydrocarbons; M-Xylene Price in South Korea (CIF) - 2022
- Cyclic Hydrocarbons; M-Xylene Price in South Korea (FOB) - 2022
- Cyclic Hydrocarbons; M-Xylene Imports in South Korea
- Cyclic Hydrocarbons; M-Xylene Exports in South Korea
Cyclic Hydrocarbons; M-Xylene Price in South Korea (CIF) - 2022
In 2022, the average cyclic hydrocarbons; m-xylene import price amounted to $1,314 per ton, increasing by 1.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 27% against the previous year. As a result, import price reached the peak level of $1,749 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($1,491 per ton), while the price for the United States totaled $1,264 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.9%).
Cyclic Hydrocarbons; M-Xylene Price in South Korea (FOB) - 2022
The average cyclic hydrocarbons; m-xylene export price stood at $965 per ton in 2022, reducing by -3.2% against the previous year. Overall, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 190% against the previous year. The export price peaked at $44,731 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.0% per year.
Cyclic Hydrocarbons; M-Xylene Imports in South Korea
For the third year in a row, South Korea recorded decline in purchases abroad of cyclic hydrocarbons; m-xylenes, which decreased by -28.3% to 14K tons in 2022. In general, imports faced a precipitous shrinkage. The smallest decline of -17.9% was in 2021.
In value terms, cyclic hydrocarbons; m-xylene imports fell remarkably to $18M in 2022. Overall, imports showed a sharp descent. The smallest decline of -18.2% was in 2021.
| Import of Cyclic Hydrocarbons; M-Xylene in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 18.8 | 21.5 | 13.4 | -15.6% |
| Japan | 68.4 | 11.1 | 3.0 | 4.4 | -59.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 68.4 | 29.9 | 24.5 | 17.8 | -36.2% |
Top Suppliers of Cyclic Hydrocarbons; M-Xylene to South Korea in 2022:
- United States (10.6K tons)
- Japan (2.9K tons)
Cyclic Hydrocarbons; M-Xylene Exports in South Korea
After three years of growth, overseas shipments of cyclic hydrocarbons; m-xylenes decreased by -56% to 7.6K tons in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 136%.
In value terms, cyclic hydrocarbons; m-xylene exports fell notably to $7.3M in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 171% against the previous year. As a result, the exports attained the peak of $17M, and then shrank dramatically in the following year.
| Export of Cyclic Hydrocarbons; M-Xylene in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.6 | 6.2 | 17.2 | 7.3 | 26.6% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 3.6 | 6.4 | 17.2 | 7.3 | 26.6% |
Top Export Markets for Cyclic Hydrocarbons; M-Xylene from South Korea in 2022:
- China (7.6K tons)
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